Thursday, July 22, 1999
A-I seeks advisor for HCI privatisation
Loss-making Air-India has floated an international tender to appoint global advisor for the privatisation of its hotel arm Hotel Corporation of India (HCI). IFCI Finance, which has been appointed as consultant to Air-India for the privatisation of Centaur Group of Hotels, has floated the tender on Air-India's behalf.
PFC raises $ 100 million via FRN issue
Power Finance Corporation's (PFC) $ 100 million dollar floating rate notes (FRN) were fully subscribed amidst political uncertainty and default of FRN issue by the Essar group.
DoT to invest Rs 400 cr on Net
The Department of Telecommunications (DoT) will establish its own Internet infrastructure throughout the country, within a year, at an estimated investment of Rs 400 crore, N Parameswaran, deputy director general, DoT, said.
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